Discover financial empowerment resources
Discover financial empowerment resources
In partnership, Daily Bread Food Bank and North York Harvest Food Bank have released Who’s Hungry 2024 – an annual profile of poverty and food insecurity in the City of Toronto. In the last year, there were 3.49 million client visits to Toronto food banks – nearly 1 million more visits...
One of the core strategic priorities identified in FAIR Canada's 2023 -2028 Strategic Plan was to conduct and share research that provides deeper perspectives directly from individual investors about key policy matters that have an impact on them. As part of this effort, FAIR Canada commissioned an...
In 2023, 22.9% of people in the ten provinces lived in a food-insecure household. That amounts to 8.7 million people, including 2.1 million children, living in households that struggled to afford the food they need. With another year of rising food insecurity, the percentage of people affected is...
FCAC and Statistics Canada collaborated on fact sheets examining trends in digital banking at the national, provincial and territorial level. This work aims to further financial inclusion by helping identify which groups are most likely to face barriers. It also supports the National Financial...
Statistics Canada has updated preliminary estimates of the Indigenous economy, defined as gross domestic income (GDI) earned by Indigenous workers and Indigenous-led businesses (where 50% +1 of the owners identify as Indigenous), along with data on jobs held by Indigenous people. This latest...
Rental apartment supply increased, but it has not kept up with the growing demand. As a result, vacancy rates have reached record lows while rent prices have soared to record highs. This situation has raised major concerns about the affordability of rental housing. Read the rental market...
The Government of Canada has put together statistics highlighting sociodemographic diversity, educational attainment, labour market participation and business ownership and income and inequality for Black History...
The Government of Canada has created a digital toolkit for Black History Month 2024. Click on "Access this resource" to download a Black History month poster, a virtual background for video...
Fast facts: More than 99 per cent of Canadians have a bank account 31 per cent of Canadians say they pay no service fees at all and another 45 per cent pay $15 or less per month Canadians are careful borrowers. Only 0.17 per cent of mortgages are in arrears Access this resource to read...
The report presents a summary of CDSP annual statistics up to the end of 2022. These include the RDSP take-up rates, the number of RDSP beneficiaries, and the values of CDSB, CDSG, contributions, and total assets. Starting in 2024, the program will release comprehensive CDSP statistics on an annual...
Drawing on survey and interview data, as well as data from Daily Bread and North York Harvest’s member agencies, the 2022 Who’s Hungry report examines trends in food bank use and food insecurity over the past year in relation to three core areas: income and employment, housing, and the cost of...
Food insecurity—the inadequate access to food due to financial constraints—affects 1 in 6 households in Canada, with serious health implications. Family benefit programs supplementing income have shown potential in mitigating the risk of food insecurity, but there is little understanding of...
Drawing on data for 54,000 households from Statistics Canada's Canadian Income Survey conducted in 2021, a disturbingly high rate of household food insecurity was identified. Food insecurity consists of inadequate or insecure access to food due to financial constraints. The prevalence of...
Six years of data from the TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) clearly demonstrate that U.S. adults with greater financial literacy tend to have better financial well-being. This report shows that retirement readiness, a specific realm of financial well-being, likewise tends...
The Consumer Price Index (CPI) rose 6.8% on an annual average basis in 2022, following gains of 3.4% in 2021 and of 0.7% in 2020. The increase in 2022 was a 40-year high, the largest increase since 1982 (+10.9%). Excluding energy, the annual average CPI rose 5.7% in 2022 compared...
Black History Month is an opportunity to highlight the contributions and accomplishments of Black Canadians and their communities. These Statistic Canada findings provide a brief overview of personal education, contributions to the scientific community, proportions in the front line staff, and...
Banks in Canada are meeting the evolving preferences of their customers as powerful new technologies change the way people bank and how they pay for goods and services. Banking is transforming at a record pace, bringing innovation and new potential to empower Canadians’ lives in a digital world....
Residents in Canada who have a severe and prolonged mental or physical disability are eligible for the Disability Tax Credit (DTC). This opens the door to other programs, one of which is the RDSP. Less than one-third of eligible residents in Canada (up to age 59) have a Registered Disability...
Canadians were more asset resilient just prior to the pandemic than they were at the turn of the millennium. That resilience continues to be tested as we enter the second year of the pandemic. For the purposes of this article, a household is asset resilient when it has liquid assets that are at...
Statistics Canada presents a demographic and social profile of Canada's diverse LGBTQ2+ communities based on published analyses. Much of the data in this release focus on LGB Canadians (lesbian, gay, bisexual), since Statistics Canada has been collecting detailed information on these communities...
Each year, some Canadians fall into low income, while others rise out of it. For example, over one-quarter (28.1%) of Canadians who were in low income in 2017 had exited it by 2018. This study examines the low income exit rate in Canada—an indicator that can be used to track the amount of time it...
A highlight of some of the findings reported in this briefing: Disposable income declined for most households in the fourth quarter of 2020, with the largest losses for the lowest-income earners (-10.2%). Compensation of employees—of which wages and salaries make up the largest share—was...
The COVID-19 pandemic has highlighted the varying labour market experiences and outcomes of diverse groups of Canadians. To mark Asian Heritage Month, Statistics Canada is providing a profile of the employment characteristics of the three largest Asian populations in Canada: South Asian, Chinese...
This is a custom report produced in collaboration between the Assembly of First Nations and Statistics Canada. It includes a variety of social and economic statistics for Status First Nations people living on and off reserve and includes comparisons with the non-Indigenous...
As stated in the Poverty Reduction Act, the Market Basket Measure (MBM) is now Canada’s Official Poverty Line. The Northern Market Basket Measure (MBM-N) is an adaptation of the MBM that reflects life and conditions in two of the territories – Yukon and Northwest TerritoriesNote. As with...